- Shiba Inu has surged by 5,372,390 percent in three years, meaning those who had $1,000 worth of the asset have $53 million now.
- In 2021 alone, the asset surged by 83 million percent, creating millionaires overnight.
Shiba Inu rose to fame in 2021 after creating millionaires overnight in its famous 27,000,000 percent surge from January to October 2021. This run came as a shock to the crypto world as the asset was already condemned as a “joke” with no roadmap or recognizable description.
Three years down the road, investors who purchased $1000 worth of the asset and still held onto it have turned their investment into $53.7 million today. Percentage-wise, this is a 5,372,390 percent (5.3 million percent) return on investment (ROI). Comparatively, no other investment including Ethereum, or any stock has recorded such profit in just three years.
While it takes those with patience and enough belief in a project to hold onto an asset for that long, timing and luck also have a part to play in investing in the right asset at the right time.
Some known SHIB investors became millionaires from the 85,000,000 percent run in 2021. A typical example is a truck driver who turned his $670 investment in 2020 into $1.7 million in 2021. Despite an effort to keep this “on the low,” his employer came out to congratulate him publicly.
One of my drivers quit because he made $1.7M in crypto on a $670 investment. Good guy, and has kids. Doesn’t matter, that’ll still infuriate the bankers and lawyers slaving away for $500k a year.
Another Shiba Inu Millionaire and Possible Run in the Future
A supermarket warehouse manager who also risked $8,000 on Shiba Inu within the same period became a millionaire. He said in an interview:
I come from quite a poor background. I could never have even fantasized about having this much money. But it wasn’t gone. It wasn’t a dream.
The meteoric rise of the asset in 2021 was linked to the quantity of assets removed from circulation. It can be recalled that 50 percent of the total asset supply was sent to Ethereum co-founder Vitalik Buterin. In May 2021, $6.7 billion worth of SHIB tokens were burnt by Buterin. Regardless, some analysts have linked the May 2021 bull run to the unprecedented demand for the asset.
The price surge in May 2021 was a result of the high demand as more and more people discovered and invested in SHIB. Given that half of the supply was already held by VB, this could have contributed to the token’s value increasing by over 46,000,000% since its launch. SHIB maintained a 5x increase since May 6, 2021.
It is important to note that the meme coin has been on a decline since the 2021 peak. For it to make the current holders millionaires, it has to hit $0.01. As of press time, Shiba Inu was trading at $0.000007. The asset is currently 91 percent down from its all-time high price of $0.000086. In the last seven days, Shiba Inu has fallen by 5 percent, and 23 percent in the last 30 days.
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